University Lab Technologies Files Patent for Cold & FLU RMD™
BOCA RATON, Fla. (Business Wire EON/PRWEB ) May 5, 2007 --
University Lab Technologies announced today the filing of a patent
with the United States patent office for its Evidence Based
Nutraceutical Cold & FLU RMD™
product formulation for the treatment of the common cold.
Our announcement today represents University Lab Technologies'
continuing mission to develop, patent, and bring to market nutraceutical
product formulations using the principle's of Evidence Based Medicine
(EBM). Further, this patent submission complements our current product
line including the patent pending formulations Arthroleve™
and Zenstral PMS™. www.arthroleve.com
www.zenstralpms.com
Dr. Jarret Morrow, President and Chief Scientific Officer of University
Lab Technologies, was quoted saying, “We
believe that our third patent application represents our continuing
commitment of identifying, researching, and patenting formulations which
are comprised of natural compounds that have clinically proven efficacy.
While many of our competitors design products using folklore or simply
copying other successful products, we strive to create innovation and to
design products using EBM principles that are delivered in
pharmaceutical grade preparations.”
The OTC cold, flu, and allergy remedies market has recently been
estimated around $2.8 billion in sales in the United States. In
contrast, the cost to the economy reflected in lost productivity and
medical cost, is estimated at over $30 billion. It is further estimated
that North Americans themselves suffer from one billion cold, flu, and
related symptoms each year. Currently the marketplace for nutraceutical
Cold remedies is dominated by products containing either single
ingredients such as Zinc, Vitamin C, or American Ginseng, or vast
combination of holistic herbal preparations formulated at homeopathic or
extremely diluted doses. In contrast, Cold & Flu RMD™
contains a patent pending formulation comprised of Andrographis
Paniculata, Eleutherococcus senticosus, Panax quinquefolium, and Vitamin
C that is delivered in a pharmaceutical grade preparation. Though there
is no current cure for the common cold, University Lab Technologies'
product contains ingredients which are clinically proven to reduce the
severity of cold symptoms without any significant side effects. www.coldandflurmd.com
Dr. Morrow went on to say, “Recently, the
public has become concerned regarding two separate safety issues
involving our competitor's products including the potential side effects
of Zinc. Further, potentially toxic levels of Vitamin A has recently
been found in one the most popular selling cold products. We feel that
these safety concerns represent a very significant opportunity for the
launch of our patent-pending, revolutionary Cold & Flu RMD™
product.”
About University Lab Technologies
Every year university labs around the globe identify, research and test
natural compounds and formulations which have the potential to improve
the quality of life of our lives.
Over 98% of these potentially life changing discoveries are never
commercialized for the benefit of the public. University Lab
Technologies, in collaboration with universities worldwide, researches
and identifies those compounds that have proven evidence based effects
and have the greatest potential for improving our lives.
University Lab Technologies' mission is to deliver the latest advances
and discoveries in natural compounds packaged in our unique patented
formulations and delivered to satisfy the needs of consumers for the
treatment of many common chronic ailments. www.universitylabtechnologies.com
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